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Technology Stocks : ACC Corp. today story #1 at Schwab's

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To: Susan Saline who wrote (10)5/24/1997 12:17:00 PM
From: Brian Pastor   of 65
 
Recent chart showed that 25-26 is resistance level, if it breaks 26 then 33 should be easy, otherwise expect a few weeks in the 22 base - 26 ceiling range. Blew through 22 becuase the only reason stock hit 14 is major shorting, the shorts have covered fueling the 2 day 7 point gain. Its possible that shorts will continue to cover next week, but who knows. I think that for most of the year it was comfortable in the 28 - 35 range (after the split). I think it will be back there shortly (no pun intended).
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